Tudor Investment Corp ET AL Has $2.21 Million Stake in Terreno Realty Corporation $TRNO

Tudor Investment Corp ET AL lowered its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 44.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,967 shares of the real estate investment trust’s stock after selling 31,334 shares during the period. Tudor Investment Corp ET AL’s holdings in Terreno Realty were worth $2,211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TRNO. State Street Corp raised its position in Terreno Realty by 4.0% in the second quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock valued at $336,139,000 after purchasing an additional 230,444 shares during the last quarter. Norges Bank bought a new stake in shares of Terreno Realty during the second quarter worth about $156,525,000. Invesco Ltd. increased its stake in shares of Terreno Realty by 7.8% in the second quarter. Invesco Ltd. now owns 2,080,116 shares of the real estate investment trust’s stock valued at $116,632,000 after buying an additional 150,020 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Terreno Realty by 4.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,967,489 shares of the real estate investment trust’s stock valued at $110,317,000 after buying an additional 83,403 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Terreno Realty by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,516,331 shares of the real estate investment trust’s stock valued at $86,051,000 after buying an additional 19,222 shares during the last quarter.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $60.68 on Friday. The stock has a market capitalization of $6.45 billion, a PE ratio of 15.56 and a beta of 1.12. The business’s 50 day simple moving average is $63.52 and its 200 day simple moving average is $61.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32. Terreno Realty Corporation has a one year low of $48.18 and a one year high of $66.74.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.68. The firm had revenue of $137.48 million during the quarter, compared to analyst estimates of $124.72 million. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. As a group, research analysts forecast that Terreno Realty Corporation will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 53.33%.

Analyst Ratings Changes

TRNO has been the topic of several recent research reports. UBS Group set a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 9th. Citigroup raised their price target on shares of Terreno Realty from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Barclays reiterated a “positive” rating and set a $60.00 price target on shares of Terreno Realty in a report on Tuesday, January 13th. Royal Bank Of Canada set a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 9th. Finally, Robert W. Baird set a $67.00 price objective on Terreno Realty in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.36.

Terreno Realty Company Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.